Hiconics(SZ:300048) ZHONGTAI SECURITIES·2024-05-06 02:30Investment Rating - The report assigns an investment rating of "Buy" for the company, indicating a positive outlook for future performance [4]. Core Insights - The company is projected to experience significant revenue growth, with estimates of 1,491 million in 2023, increasing to 3,858 million in 2024, representing a year-over-year growth of 158.7% [4]. - The earnings per share (EPS) is expected to improve from -0.20 in 2023 to 0.24 by 2026, reflecting a strong recovery trajectory [4]. - The report highlights a substantial increase in operating profit, forecasting a rise from -220 million in 2023 to 271 million in 2026, indicating a turnaround in profitability [4]. Financial Summary - Revenue projections show a steady increase from 1,424 million in 2022 to 5,917 million by 2026, with a compound annual growth rate (CAGR) of approximately 28.0% from 2024 to 2026 [4]. - The company is expected to achieve a positive operating margin of 12% by 2026, up from -13% in 2023, showcasing operational efficiency improvements [4]. - The price-to-earnings (P/E) ratio is projected to decrease from -26.9 in 2023 to 21.9 by 2026, suggesting a more favorable valuation as earnings improve [4].